German Chancellor Olaf Scholz on Thursday asserted that Russian President Vladimir Putin will not win the war against Ukraine, adding that he will not be allowed to dictate peace.

The chancellor made the comments at the World Economic Forum (WEF) in Davos, primarily focusing&nbsp;on Russia's invasion of Ukraine. He is the only head of state from a G7 country to physically appear at this year's conference.

Taking aim at the Russian president Scholz said, “A major nuclear power is behaving as if it has the right to redraw borders”

"Putin wants a return to a world order in which might dictates what is right —&nbsp;in which freedom, determination and sovereignty are not for everyone,” Deutsche Welle (DW) news outlet quoted Scholz as saying.

"We cannot allow Putin to win this war," the chancellor said, adding, “It is a matter of making it clear to Putin that there will be no dictated peace — Ukraine will not accept that, and neither will we,” he added.

Watch |&nbsp;Last day of WEF Davos 2022: Annual Summit overshadowed by economic worries

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/last-day-of-wef-davos-2022-annual-summit-overshadowed-by-economic-worries-482310/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Scholz said that Putin “underestimated” the “resolve and strength” of allies in countering his aggression in Ukraine. He claimed that Kremlin’s actions in Ukraine has also now pushed Finland and Sweden to join the NATO military alliance.

“Our goal is crystal clear - Putin must not win this war. And I am convinced that he will not win it,” the German chancellor said.

He added that Germany’s support for Kyiv will continue to be coordinated with allies and that it will not allow NATO to become a “party in the conflict”.

Also read&nbsp; |&nbsp;<a href="https://www.wionews.com/world/russia-ukraine-conflict-putin-trying-to-extinguish-a-culture-says-joe-biden-481750" hreflang="en">Russia-Ukraine conflict: Putin trying to ‘extinguish a culture’, says Joe Biden</a>

Scholz, however, did not address criticisms from Ukraine that Germany was not doing enough in supplying Kyiv with heavy weapons, AFP reported.

Also read&nbsp; |&nbsp;<a href="https://www.wionews.com/world/russia-shelled-more-than-40-towns-in-donbas-says-ukraine-military-482246" hreflang="en">Russia shelled more than 40 towns in Donbas, says Ukraine military</a>

Ukraine has been urging Berlin to speed up deliveries of heavy armaments including Leopard tanks and Marder armoured vehicles.

(With inputs from agencies)

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

German Chancellor Olaf Scholz on Thursday asserted that Russian President Vladimir Putin will not win the war against Ukraine, adding that he will not be allowed to dictate peace.

German Chancellor Olaf Scholz on Thursday asserted that Russian President Vladimir Putin will not win the war against Ukraine, adding that he will not be allowed to dictate peace. The chancellor made the comments at the World Economic Forum (WEF) in Davos, primarily focusing on Russia's invasion of Ukraine. He is the only head of state from a G7 country to physically appear at this year's conference. Taking aim at the Russian president Scholz said, “A major nuclear power is behaving as if it has the right to redraw borders” "Putin wants a return to a world order in which might dictates what is right — in which freedom, determination and sovereignty are not for everyone,” Deutsche Welle (DW) news outlet quoted Scholz as saying. "We cannot allow Putin to win this war," the chancellor said, adding, “It is a matter of making it clear to Putin that there will be no dictated peace — Ukraine will not accept that, and neither will we,” he added. Watch | Last day of WEF Davos 2022: Annual Summit overshadowed by economic worries Scholz said that Putin “underestimated” the “resolve and strength” of allies in countering his aggression in Ukraine. He claimed that Kremlin’s actions in Ukraine has also now pushed Finland and Sweden to join the NATO military alliance. “Our goal is crystal clear - Putin must not win this war. And I am convinced that he will not win it,” the German chancellor said. He added that Germany’s support for Kyiv will continue to be coordinated with allies and that it will not allow NATO to become a “party in the conflict”. Also read | Russia-Ukraine conflict: Putin trying to ‘extinguish a culture’, says Joe Biden Scholz, however, did not address criticisms from Ukraine that Germany was not doing enough in supplying Kyiv with heavy weapons, AFP reported. Also read | Russia shelled more than 40 towns in Donbas, says Ukraine military Ukraine has been urging Berlin to speed up deliveries of heavy armaments including Leopard tanks and Marder armoured vehicles. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Vladimir Putin will not win Ukraine war, says German Chancellor Olaf Scholz

Several billionaires and millionaires have appealed to leaders at the virtual meeting of the World Economic Forum to make them pay more taxes.

The group calling&nbsp;itself "patriotic millionaires" sent an open letter to the virtual Davos meeting conceding that their wealth had actually risen during the pandemic as they pointed out that the "current tax system is not fair."

<a href="https://www.wionews.com/world/davos-agenda-2022-at-wef-un-chief-urges-businesses-to-help-low-income-nations-amid-covid-and-climate-crises-445567">Also Read |&nbsp;Davos: At WEF, UN chief urges businesses to help low-income nations&nbsp;</a>

"While the world has gone through an immense amount of suffering in the last two years, we have actually seen our wealth rise during the pandemic yet few if any of us can honestly say that we pay our fair share in taxes," the letter said.

The signatories include Disney heiress Abigail Disney. According to a study conducted by the group including NGOs, a wealth tax starting at 2 per cent for those worth over $5 million, three per cent for high net individuals over $50 million and 5 per cent for billionaires could raise $2.52 trillion.

The entire wealth tax from millionaires and billionaires could help lift over 2 billion people out of poverty, the report said. The group said the wealth tax could also help to ensure universal healthcare and social protection.

<a href="https://www.wionews.com/world/confrontation-only-invites-catastrophic-consequences-says-xi-at-davos-virtual-forum-445572">Also Read:&nbsp;Confrontation only invites catastrophic consequences, says Xi at Davos virtual forum</a>

The group also pushed for higher wealth tax for billionaires at 10 per cent which could raise over $3.6 trillion a year.&nbsp;

The last two years have&nbsp;witnessed an exponential rise in billionaires and millionaires even as the world has battled the coronavirus pandemic.

The World Bank has also urged nations to impose wealth tax to help reduce inequality as countries battle the pandemic.

(With inputs from Agencies)

Several billionaires and millionaires have appealed to leaders at the virtual meeting of the World Economic Forum to make them pay more taxes. The group calling itself "patriotic millionaires" sent an open letter to the virtual Davos meeting conceding that their wealth had actually risen during the pandemic as they pointed out that the "current tax system is not fair.

Several billionaires and millionaires have appealed to leaders at the virtual meeting of the World Economic Forum to make them pay more taxes. The group calling itself "patriotic millionaires" sent an open letter to the virtual Davos meeting conceding that their wealth had actually risen during the pandemic as they pointed out that the "current tax system is not fair." Also Read | Davos: At WEF, UN chief urges businesses to help low-income nations "While the world has gone through an immense amount of suffering in the last two years, we have actually seen our wealth rise during the pandemic yet few if any of us can honestly say that we pay our fair share in taxes," the letter said. The signatories include Disney heiress Abigail Disney. According to a study conducted by the group including NGOs, a wealth tax starting at 2 per cent for those worth over $5 million, three per cent for high net individuals over $50 million and 5 per cent for billionaires could raise $2.52 trillion. The entire wealth tax from millionaires and billionaires could help lift over 2 billion people out of poverty, the report said. The group said the wealth tax could also help to ensure universal healthcare and social protection. Also Read: Confrontation only invites catastrophic consequences, says Xi at Davos virtual forum The group also pushed for higher wealth tax for billionaires at 10 per cent which could raise over $3.6 trillion a year. The last two years have witnessed an exponential rise in billionaires and millionaires even as the world has battled the coronavirus pandemic. The World Bank has also urged nations to impose wealth tax to help reduce inequality as countries battle the pandemic. (With inputs from Agencies)

Make us pay more tax, say 'patriotic millionaires' at Davos virtual summit

Chinese President Xi Jinping while speaking virtually at the World Economic Forum (WEF) hit out against Western powers saying "confrontation does not solve problems, it only invites catastrophic consequences".

The high profile Davos forum is being held online due to the coronavirus pandemic.

"Our world today is far from the tranquil, rhetoric that stokes hatred and prejudice abound," the Chinese president said in his address as he emphasised that his country was fighting a "tenacious battle" against the "once in a century pandemic" as he conceded that it is a "protracted" battle due to advent of new variants.

<a href="https://www.wionews.com/india-news/we-offer-a-bouquet-of-hope-to-world-modi-pitches-invest-in-india-at-wef-davos-2022-445514">Also Read:&nbsp;‘We offer a bouquet of hope to world’: Pm Modi at WEF</a>

China has been hit by large scale local flare-ups of coronavirus infections in several provinces with the Winter Olympics due to take place in Beijing next month. The country recently lockdown two cities amid the Omicron crisis even as authorities scamper to implement the "zero Covid" policy.

"Holding each other back or shifting blame will only cause needless delay," Xi said while calling for vaccination distribution.

Xi said the global industrial supply chains have been disrupted amid rise in commodity prices even as his country was ready to "facilitate cross border trade and keep the industrial supply chain secure and smooth".

<a href="https://www.wionews.com/world/davos-agenda-2022-un-chief-urges-business-to-help-low-income-nations-amid-covid-19-and-climate-crises-at-wef-445567">Also Read |&nbsp;Davos agenda 2022: UN chief urges business to help low-income nations amid COVID-19</a>

The Chinese president pitched for globalisation saying "countries are not riding separately in some 190 small boats, but rather are all in a giant ship on which our shared destiny hinges" as he touted the country's economic growth rate last year.

"Small boats may not survive a storm, but a giant ship is strong enough to brave a storm," Xi said at the Davos virtual forum.

(With inputs from Agencies)

Chinese President Xi Jinping while speaking virtually at the World Economic Forum (WEF) hit out against Western powers saying "confrontation does not solve problems, it only invites catastrophic consequences".

Chinese President Xi Jinping while speaking virtually at the World Economic Forum (WEF) hit out against Western powers saying "confrontation does not solve problems, it only invites catastrophic consequences". The high profile Davos forum is being held online due to the coronavirus pandemic. "Our world today is far from the tranquil, rhetoric that stokes hatred and prejudice abound," the Chinese president said in his address as he emphasised that his country was fighting a "tenacious battle" against the "once in a century pandemic" as he conceded that it is a "protracted" battle due to advent of new variants. Also Read: ‘We offer a bouquet of hope to world’: Pm Modi at WEF China has been hit by large scale local flare-ups of coronavirus infections in several provinces with the Winter Olympics due to take place in Beijing next month. The country recently lockdown two cities amid the Omicron crisis even as authorities scamper to implement the "zero Covid" policy. "Holding each other back or shifting blame will only cause needless delay," Xi said while calling for vaccination distribution. Xi said the global industrial supply chains have been disrupted amid rise in commodity prices even as his country was ready to "facilitate cross border trade and keep the industrial supply chain secure and smooth". Also Read | Davos agenda 2022: UN chief urges business to help low-income nations amid COVID-19 The Chinese president pitched for globalisation saying "countries are not riding separately in some 190 small boats, but rather are all in a giant ship on which our shared destiny hinges" as he touted the country's economic growth rate last year. "Small boats may not survive a storm, but a giant ship is strong enough to brave a storm," Xi said at the Davos virtual forum. (With inputs from Agencies)

Confrontation only invites catastrophic consequences, says Xi at Davos virtual forum